impressed

I am impressed with a company that produces half-yearly results in January. It indicates to me a high level of efficiency and process - far better than most organisations I have been involved with.

I watch closely the balance sheet on these debt-purchasing companies and Credit Corp continues to impress with their strong cash flow and minimal debt. They are the leader in a tough industry.

The share price reflects the quality of the company - probably the high growth is behind it now (i.e. the P/E expansion has already occurred) and I would have thought it would track only the profit growth from here (12%+ p.a.). Still, companies like this are hard to find hence the premium.